1540 Glenbright
About This Property
Located in the highly desirable 55+ Altis community, this beautifully upgraded 2-bedroom, 2-bathroom home offers the perfect blend of luxury, technology, energy efficiency, and resort-style living.
Inside, you'll find luxury vinyl plank flooring throughout, custom California Closets built-ins in both bedrooms, and a versatile secondary bedroom featuring a built-in Murphy bed, making it ideal as a guest suite or home office. The home is also equipped with Alexa-enabled smart home technology, allowing you to control the front door locks, thermostat, lighting, and other connected features with simple voice commands or from your smartphone-bringing convenience and peace of mind to everyday living.
The garage includes EV charging hookups, while the home's impressive energy package features solar panels (partially owned 8 panels and partially leased 10 panels and 2 batteries) and two Tesla Powerwall backup batteries for added peace of mind and energy independence.
With over $160,000 in builder and owner upgrades, every detail has been thoughtfully selected to enhance both comfort and style.
Perfectly positioned on one of the community's most desirable homesites, the property features breathtaking mountain views, an oversized lot, no rear neighbors, and direct access to the tranquil paseo. Best of all, you're just a short walk from the spectacular clubhouse and community amenities.
Residents of Altis enjoy an unparalleled active-adult lifestyle with a state-of-the-art clubhouse, resort-style pools, pickleball courts, a fully equipped fitness center, and a vibrant calendar of clubs, events, and social activities.
This is more than just a beautiful home-it's an opportunity to secure an exceptional lifestyle while benefiting from one of the lowest assumable mortgage interest rates available today.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 16, 2026 | Price Decreased |
$499,000
↓ $51K
(9.3%) | |
| Price Decreased | |||
| Jul 1, 2026 | Listed by RE/MAX ADVANTAGE | $550,000 | |
| Listed by RE/MAX ADVANTAGE | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017